13 Saint Louis Ave, Ocean City, MD, 21842

13 Saint Louis Ave Ocean City, MD 21842

13 Saint Louis Ave, Ocean City, MD, 21842
13 Saint Louis Ave, Ocean City, MD, 21842 13 Saint Louis Ave, Ocean City, MD, 21842
FOR SALE
Property Type:
Multifamily Land
Amount:
$5,350,000
Last Verified:
Nov 25, 2024

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Highlights

  • +/- 0.764 Acres of Waterfront Commercial Land for Sale
  • By Right to Build 27 Condominium Units
  • Water & Sewer
  • Located Next to Cambria Hotel in Ocean City, Maryland
  • Parking Available

Description

+/- .0764 acres of waterfront, bayside, commercial land available right next to the Cambria Hotel in Ocean City, Maryland. By right to build 27 condominium units. Part of Ocean City Water & Sewer. Parking available.

Located on Saint Louis Avenue in Ocean City, Maryland.


Year Built: 1940
Building Size: 1017sq ft
Lot Size: 0.08 acres


Documents

Sale Brochure

Map of 13 Saint Louis Ave, Ocean City, MD, 21842

Presented by:
NAI Coastal

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Chris Davis


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.